New Report Suggests State Re-Examine Grow NJ Awards in Camden

July 21, 2018

The state may take another look at how almost $1.4 billion in tax incentives were awarded to businesses in Camden after a new report determined the cost of those jobs to the state is $25,000 more than the jobs created in any other city across New Jersey under the same program.

That report, which examined the 227 Grow New Jersey awards approved by the NJEDA from December 2013 to August 2017, was released on Wednesday, July 18.

As part of a requirement of the New Jersey Opportunity Act, created in 2013, the New Jersey Economic Development Authority [NJEDA] enlisted the Rutgers University Bloustein School of Planning and Public Policy to conduct an analysis on the NJEDA’s Grow NJ Program and its State Economic Redevelopment and Growth Grant Program [ERG].

TAPInto.net Camden, July 20, 2018

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